Be an acute home buyer and avoid all irrelevant and unnecessary closing cost! And for this you should have a close knowledge of your Good Faith Estimate. There are many such fees which are absolutely similar to other listed one. so, be particular and point out this type of similar looking fees.
Always check the actual bill of listed items and ignore easily all unnecessary closing costs. Check all third party fees properly and you can also have a look the bill for the appraisal. Here a lender can increase their revenue. So,here if you will see that the third party fee looks high then you can see the bill.
Make your actual Good Faith Estimate accessible and nearby and by it you can compare it with HUD-1 closing statement. Always see HUD-1 closing statement before 1 day of closing to make the comparison.
If you find any difference on the HUD-1 closing statement from the Good Faith Estimate question them positively. But be sure that it is an estimate only, Their lies some legitimate fees which are huge than the actual estimate.
I would like to suggest you that negotiate well for the lowered fee like mortgage broker fee. Keep a close Connery about all listed and on specially miscellaneous fees. And always go for a explainable miscellaneous fees. Always ask for a good explanation which you feel as duplicate from your actual good faith estimate.
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